Akinci, O. & Olmstead‐Rumsey, J. (2018) How effective are macroprudential policies? An empirical investigation. Journal of Financial Intermediation, 33, 33–57. Available from: https://doi.org/10.1016/j.jfi.2017.04.001.
Alam, Z., Alter, A., Eiseman, J., Gelos, G., Wang, N., Narita, M., et al. (2019) Digging deeper—evidence on the effects of macroprudential policies from a new database. IMF Staff Papers, WP/19/66(66), 1. Available from: https://doi.org/10.5089/9781498302708.001.
Allen, F., Qian, M. & Xie, J. (2019) Understanding informal financing. Journal of Financial Intermediation, 39, 19–33. Available from: https://doi.org/10.1016/j.jfi.2018.06.004.
Allen, F., Qian, Y., Tu, G. & Yu, F. (2019) Entrusted loans: a close look at China's shadow banking system. Journal of Financial Economics, 133(1), 18–41. Available from: https://doi.org/10.1016/j.jfineco.2019.01.006.
Ayyagari, M., Demirgüç‐Kunt, A. & Maksimovic, V. (2010) Formal versus informal finance: evidence from China. Review of Financial Studies, 23(8), 3048–3097. Available from: https://doi.org/10.1093/rfs/hhq030.
Bailey, W., Huang, W. & Yang, Z. (2011) Bank loans with Chinese characteristics: some evidence on inside debt in a state‐controlled Banking system. Journal of Financial and Quantitative Analysis, 46(6), 1795–1830. (in Chinese). Available from: https://doi.org/10.1017/s0022109011000433.
- Bernanke, B. (2010) Causes of the recent financial and economic crisis, before the financial crisis inquiry commission. Washington: Board of Governors of the Federal Reserve System.
Paper not yet in RePEc: Add citation now
- BIS. (2011) Macroprudential policy tools and frameworks—progress report to G20, FSB‐IMF‐BIS Report.
Paper not yet in RePEc: Add citation now
Brandt, L. & Li, H. (2003) Bank discrimination in transition economies: ideology, information, or incentives. Journal of Comparative Economics, 31(3), 387–413. Available from: https://doi.org/10.1016/s0147-5967(03)00080-5.
Bruno, V., Shim, I. & Shin, H.S. (2015) Comparative assessment of macroprudential policies. Journal of Financial Stability, 28, 183–202. Available from: https://doi.org/10.1016/j.jfs.2016.04.001.
Buch, C. & Goldberg, L. (2017) Cross‐border prudential policy spillovers: how much? How important? Evidence from the international banking research network. International Journal of Central Banking, 13, 505–558.
- CBIRC. (2020) China’s shadow banking report. CBIRC Working Paper, No.9.
Paper not yet in RePEc: Add citation now
Cerutti, E., Claessens, S. & Laeven, L. (2017) The use and effectiveness of macroprudential policies: new evidence. Journal of Financial Stability, 28, 203–224. Available from: https://doi.org/10.1016/j.jfs.2015.10.004.
Cerutti, E., Correab, R., Fiorentinoc, E. & Segalla, E. (2016). Changes in prudential policy instruments—a new cross‐country database, FRB International Finance Discussion Paper, No. 1169.
Chang, C., Liu, Z., Spiegel, M.M. & Zhang, J. (2019) Reserve requirements and optimal Chinese stabilization policy. Journal of Monetary Economics, 103, 33–51. Available from: https://doi.org/10.1016/j.jmoneco.2018.08.005.
Chari, A., Dilts‐Stedman, K. & Forbes, K. (2022) Spillovers at the extremes: the macroprudential stance and vulnerability to the global financial cycles. Journal of International Economics, 136, 103582. Available from: https://doi.org/10.1016/j.jinteco.2022.103582.
Chen, K., Ren, J. & Zha, T. (2018) The nexus of monetary policy and shadow banking in China. The American Economic Review, 108(2), 3891–3936. Available from: https://doi.org/10.1257/aer.20170133.
Cizel, J., Frost, J., Houben, A. & Wierts, P. (2016) Effective macroprudential policy: cross‐sector substitution from price and quantity measures. IMF Working Paper, No.1694, 16(94), 1. Available from: https://doi.org/10.5089/9781484337738.001.
Claessens, S., Ghosh, S.R. & Mihet, R. (2013) Macroprudential policies to mitigate financial system vulnerabilities. Journal of International Money and Finance, 39(155), 153–185. Available from: https://doi.org/10.5089/9781498319546.001.
Cull, R., Xu, L.C. & Zhu, T. (2009) Formal finance and trade credit during China’s transition. Journal of Financial Intermediation, 18(2), 173–192. Available from: https://doi.org/10.1016/j.jfi.2008.08.004.
Du, J., Li, C. & Wang, Y. (2017) A comparative study of shadow banking activities of non‐financial firms in transition economies. China Economic Review, 46, s35–s49. Available from: https://doi.org/10.1016/j.chieco.2016.09.001.
Fry, M.J. (1982) Models of financially repressed developing economies. World Development, 10(9), 731–750. Available from: https://doi.org/10.1016/0305-750x(82)90026-2.
Ge, Y. & Qiu, J. (2007) Financial development, bank discrimination and trade credit. Journal of Banking and Finance, 31(2), 513–530. Available from: https://doi.org/10.1016/j.jbankfin.2006.07.009.
- Hachem, K.C. & Song, Z.M. (2016) Liquidity regulation and unintended financial transformation in China. NBER Working Paper, 21880.
Paper not yet in RePEc: Add citation now
Hou, X., Li, S., Guo, P. & Wang, Q. (2018) The cost effects of shadow banking activities and political intervention: evidence from the banking sector in China. International Review of Economics and Finance, 57, 307–318. Available from: https://doi.org/10.1016/j.iref.2018.01.019.
Hsieh, C. & Song, Z.M. (2015) Grasp the large, let go of the small: the transformation of the state sector in China. Brookings Papers on Economic Activity, 3391(1), 295–366. Available from: https://doi.org/10.1353/eca.2016.0005.
- Liao, M., Lin, X. & Kou, H. (2014) Research on the effectiveness of China's macro‐prudential regulatory tools and policy coordination. Journal of Financial Supervision Research, 12, 1–23. (in Chinese).
Paper not yet in RePEc: Add citation now
Lim, C., Columba, F., Costa, A., Kongsamut, P., Otani, A., Saiyid, M., et al. (2011) Macroprudential policy: what instruments and how to use them? Lessons from country experience. IMF Working Paper, No. 11238.
- Liu, B. (2005) Empirical Research on the impact of capital adequacy ratio on loans and economy in China. Journal of Financial Research, 11, 18–30. (in Chinese).
Paper not yet in RePEc: Add citation now
- Liu, J., Sheng, H. & Ma, Y. (2014) Analysis of the mechanism of corporate sector participation in shadow banking business and social welfare loss model. Journal of Financial Research, 5, 100–113. (in Chinese).
Paper not yet in RePEc: Add citation now
- McKinnon, R.I. (1973) Money and capital in economic development. Washington: The Brookings Institution.
Paper not yet in RePEc: Add citation now
- Pan, B. & Jin, W. (2017) The mechanism and implementation effects of monetary policy on private lending rates. Economic Research Journal, 8, 78–93. (in Chinese).
Paper not yet in RePEc: Add citation now
- Qian, X., Xu, J. & Du, L. (2018) Does China's entrusted loans make up for the lack of formal credit? Journal of Financial Research, 5, 82–100. (in Chinese).
Paper not yet in RePEc: Add citation now
- Song, Q., Yu, W. & Long, Q. (2016) Deposit reserve ratio and the cost of SME loans: an empirical study based on credit data of SMEs in a prefecture‐level city. Journal of Financial Research, 10, 64–78. (in Chinese).
Paper not yet in RePEc: Add citation now
- Wang, H., Wang, H., Wang, L. & Zhou, H. (2019) Shadow banking: China’s dual‐track interest rate liberalization. Available at SSRN: https://ssrn.com/abstract=2606081.
Paper not yet in RePEc: Add citation now
- Wang, Y. (2014) Financial repression and the secondary distribution function of commercial credit. Economic Research Journal, 6, 86–99. (in Chinese).
Paper not yet in RePEc: Add citation now
- Wang, Y., Liu, Z. & Li, C. (2015) Identifying the shadow banking activities of Chinese non‐financial enterprises: evidence from consolidated balance sheets. Journal of Management World, 12, 24–40. (in Chinese).
Paper not yet in RePEc: Add citation now
Yao, Z., Gu, D. & Cao, W. (2019) SOEs as intermediation: leakage effect under financial repression. Pacific‐Basin Financial Journal, 53, 349–361. Available from: https://doi.org/10.1016/j.pacfin.2018.12.001.
- Zhang, C. & Lv, W. (2007) Institutional investors, ultimate property rights and financing constraints. Journal of Management World, 11, 119–126. (in Chinese).
Paper not yet in RePEc: Add citation now